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There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …
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innovation. The dataset is complemented with indicators of patent quality (patent renewal, forward citations, and patent family …
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certain capabilities for innovation. The tacit alliance mitigates uncertainty, making it possible for firms to incrementally … long-term R&D risks, thus limiting potential for novel-product innovation …
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